After languishing for a long time around the $20 region on the Trinidad and Tobago Stock Exchange, Guardian Holdings’ shares started to rally with the announcement that the stock would relist in Jamaica. On Wednesday, after listing in Kingston, the price jumped more than 10 percent on Thursday to close up $3 to a 52 weeks’ high of $29, in trading 6,921 shares.
Market activity ended on Thursday with the market rising after trading 57 percent fewer shares, carrying a lower value of 46 percent than Wednesday, resulting in 18 securities trading compared to 14 on Wednesday, with four stocks rising, four declining and ten ending unchanged. The Composite Index advanced 2.58 points to 1,335.49, the All T&T Index added 4.60 points to end at 1,792.81, and the Cross-Listed Index added 0.06 points to settle at 118.58.
At the close, 93,952 shares traded at $2,443,596, down from 225,060 units at $4,538,675 on Wednesday. An average of 5,220 units traded for the day at $135,755 compared to 16,076 at $324,191 on Wednesday. An average of 10,760 units traded at $185,001 for the month to date versus 13,13 units at $206,107. The average trade for April amounted to 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows two stocks ending with the bids higher than the last selling prices and three with lower offers.
At the close, Agostini’s remained at $24.40 after trading 6,512 shares, Angostura Holdings traded unchanged at $15.50 with 50 stocks changing hands, Ansa McAL ended at $56.75 with 1,260 stock units clearing the market, Clico Investment Fund lost 5 cents to end at $25.10 in transferring 1,380 stocks. First Citizens Bank remained at $46.45 after trading 1,066 units, FirstCaribbean International Bank traded 110 stock units unchanged at $6.50, 
Guardian Media climbed 24 cents to $3.25 in exchanging 1,000 units, JMMB Group picked up 1 cent to settle at $1.81 in transferring 1,000 stocks, Massy Holdings traded 6,881 shares at $65.National Flour Mills lost 1 cent to close at $2.39, with 12,143 stocks changing hands, One Caribbean Media closed at $4.50 after trading 590 stock units, Point Lisas lost 5 cents to finish at a 52 weeks’ low of $2.95, with 30 units clearing the market. Republic Financial Holdings remained at $132.52 after 5,922 shares changed hands, Trinidad & Tobago NGL gained 3 cents to close at $13.50 after exchanging 48,260 stock units, Scotiabank closed at $54.65 transferring 360 units. Unilever Caribbean slipped 1 cent to $16.3 after trading 267 shares and West Indian Tobacco remained at $32.98 after an exchange of 200 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Jamaican listing ignites Guardian price on TTSE
Big Junior Market retreat – Wednesday
Trading started the day with a rise in the market index to 3,284.37 points after 30 minutes of the Junior Market opening >on Thursday but could not maintain those gains and fell over 63 points to finish at 3,221.12 after dropping 43.79 points from Wednesday’s close.
Trading ended with 36 securities changing hands compared to 40 on Wednesday, ending with 16 rising, 14 falling and six remaining unchanged. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averages 12.2.
The market closed with an exchange of 42 percent fewer shares than on Wednesday as 6,176,511 shares valued at $22,209,393 changed hands, down from 10,633,571 units at $23,363,737 on Wednesday.
Fosrich controlled 12.8 percent of total volume with 793,280 shares, followed by Future Energy Source 11.3 percent, with 696,049 units and Caribbean Flavours 10.6 percent, with an exchange of 655,062 units.
Trading averaged 171,570 units at $616,928 in contrast to 265,839 at $584,093 on Wednesday. Trading month to date, averaged 227,030 units at $601,661, compared to 244,242 units at $596,923 on Wednesday. April closed with an average of 329,241 units at $854,716.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Blue Power fell 69 cents to $3.75 with an exchange of 9,118 shares, Caribbean Assurance Brokers rose 10 cents to $2.08 with 108,563 stock units traded, Caribbean Cream added 14 cents to end at $6.05, with 4,172 units changing hands. Caribbean Producers lost 15 cents to end at $3.80 with a transfer of 117,765 stocks, Express Catering rose 10 cents to $4.55 with investors switching ownership of 77,747 shares, Fosrich shed 79 cents to settle at $8 with an exchange of 793,280 units after it traded at a record high of $9.50. Honey Bun hit a 52 weeks’ intraday high of $7 before falling back to a gain of just 5 cents for the day to $6 with 131,773 stocks passing through the market, iCreate fell 6 cents to 74 cents with 33,680 stock units changing hands, Iron Rock Insurance jumped 45 cents to $3.50 with a transfer of 25,670 shares. Jetcon Corporation declined 7 cents to 87 cents with 24,961 stocks traded, Knutsford Express gained 10 cents to end at $8.50 with investors switching ownership of 7,171 units Lasco Financial dropped 19 cents to $3.20 with an exchange of 391,519 stock units. 
Lasco Manufacturing shed 35 cents to $4.75 with 66,304 shares changing hands, Lumber Depot advanced 14 cents to $2.80 with a transfer of 349,436 stocks, Medical Disposables slipped 8 cents to $5.27 with 300,260 units traded. SSL Venture rose 7 cents to 65 cents with investors switching ownership of 5,700 stock units, Stationery and Office Supplies fell 11 cents to $5.50 with 19,767 stocks changing hands and tTech gained 10 cents to close at $5, with the 3,959 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
QWI Investments took 36% of trades
QWI Investments led trading with 36 percent of total volume for 5.21 million shares and traded as high as $1.09, following the posting of half year results showing a major about turn in the profit from a big loss of $576 million last year to a profit of $171 million for the half year, but the stock closed the day at $1 with a miniscule rise after 14,404,463 shares traded for $119,739,515 compared to 13,252,508 units at $91,030,300 on Tuesday.
In the private bond market, Guardian Holdings 2025 Bond traded 104,000 units at $101.28 each.
Guardian Holdings was relisted on the Main market of the Exchange but did not trade but closed with the bid at $669.52, well above the JS$586 it is listed at in Trinidad.
The market recorded more gains at the close on Wednesday after an exchange of 9 percent more shares with a 32 percent higher value than on Tuesday, leading the All Jamaican Composite Index to advance 985.41 points to 445,922.36, the Main Index rose 816.03 points to 405,873.26 and the JSE Financial Index gained 0.11 points to settle at 99.45.
A total of 50 securities traded compared to 48 on Tuesday, with prices of 17 stocks rising, 20 declining and 13 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.2.
Wigton Windfarm was the second major trading stock with 11.5 percent for 1.65 million units, Mayberry Investments followed with 10.6 percent for 1.52 million units, Transjamaican Highway controlled 8.2 percent, with 1.18 million units and Sagicor Select Financial Fund ended with 7.9 percent after 1.14 million units change hands.
Trading averaged 288,089 units at $2,394,790, compared to an average of 276,094 shares at $1,896,465 on Tuesday. Month to date trading averages 434,530 units at $5,986,780, in contrast to 512,262 units at $7,972,309 on Tuesday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has fifteen stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement declined $2 to $88 with 41,807 shares changing hands, Carreras gained 54 cents in closing at $9.69 after switching ownership of 33,186 shares, Eppley Caribbean Property Fund rose 76 cents to $40.76 with the transfer of 920 units. Grace Kennedy rose 50 cents to $88.50 in an exchange of 59,837 shares, Jamaica Broilers lost 20 cents to close at $30.80 in trading 9,151 stocks. Jamaica Producers shed $2.50 to end at $27.50 after clearing the market with 265,026 units, Mayberry Investments rose 95 cents to close at $6.20 with 1,522,489 shares changing hands. Mayberry Jamaican Equities ended 70 cents higher at $7.90 with the swapping of 2,700 stocks, NCB Financial slipped 50 cents to close at $138.50 after exchanging 70,300 shares, PanJam Investment advanced $1.25 to $62.25 with 23,397 stocks changing hands. 
Proven Investments shed 98 cents to close at $37.02 after exchanging 40,040 shares, Salada Foods gained 48 cents to end at a 52 weeks’ high of $9.98 in switching ownership of 352,739 stock units. Scotia Group picked up 20 cents in closing at $42 after clearing the market with 670,305 shares, Seprod fell $2 to $78 in transferring 340,678 stock units, Supreme Ventures shed 45 cents to close at $17.50 in an exchange of 67,054 stocks.
In the preference segment, Eppley 7.50% preference shares rose $2.16 to $9.35 with an exchange of just one share.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market up 61% from 2020 low
The Junior Market of the Jamaica Stock Exchange Trading closed on Wednesday with the market advancing 38.21 points to settle at 3,264.91, the highest close since January 10, last year as the market recorded a 23.5 percent increase since the start of 2021 and is up 61 percent since the March 2020 low.
At the close, 40 securities traded compared to 37 on Tuesday with prices of 16 stocks rising, 16 declining and eight remaining unchanged. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averages 12.2.
Trading ended with 10,633,571 shares for $23,363,737 compared to 10,360,923 units at $25,835,350 on Tuesday.
Future Energy Source accounted for 54.2 percent of total volume, with 5.76 million shares, followed by Lumber Depot 10.1 percent with 1.08 million units and Lasco Distributors with 5.8 percent after an exchange of 616,284 units.
Trading averaged 265,839 units at $584,093 in contrast to 280,025 at $698,253 on Tuesday. Month to date trading averaged 244,242 units at $596,923, compared to 232,875 units at $603,675 on Tuesday. April closed with an average of 329,241 units at $854,716.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial climbed $2.14 to $22.20 with 200 shares changing hands, Caribbean Assurance Brokers lost 10 cents to end at $1.98 with an exchange of 47,143 stocks, Caribbean Cream fell 19 cents to $5.91 with a transfer of 1,400 units. Caribbean Producers rose 5 cents to $3.95 with 124,730 stock units traded, Dolphin Cove climbed 50 cents to $8 with 28,750 shares passing through the market, Everything Fresh rose 12 cents to $1.15 with 13,953 stocks changing hands. Express Catering slipped 8 cents to $4.45 with an exchange of 7,300 stock units, Fontana gained 23 cents to end at $6 with a transfer of 155,493 units, Fosrich jumped 71 cents to a record close of $8.79 with a transfer of 343,226 shares, after the price rose to a record high during trading of $9.20. In the process that stock has gained 120 percent for the year to date, to be the best performing Junior Market stock for the year so far. General Accident dropped 32 cents to $5.52 with 13,915 stocks traded, Honey Bun advanced 20 cents to $5.95 with 1,718 units passing through the market, iCreate rose 8 cents to 80 cents with 97,532 shares changing hands. Iron Rock Insurance shed 65 cents to end at $3.05 with an exchange of 101,250 stocks, 
ISP Finance jumped $3.99 to $23.99 with a transfer of 80 units, Knutsford Express declined by 20 cents to $8.40 with 9,545 stock units passing through the market. Lasco Financial advanced 40 cents to finish at a 52 weeks’ high of $3.39, with 103,425 shares changing hands, Lasco Manufacturing slipped 5 cents to $5.10 with an exchange of 101,483 stocks, Lumber Depot lost 6 cents to close at $2.66 with a transfer of 1,075,496 units. Main Event jumped 73 cents to $4.77 with 17,125 shares traded, Medical Disposables fell 13 cents to $5.35 with 2,778 stocks passing through the market, SSL Venture declined by 7 cents to 58 cents with 1 unit changing hands. Stationery and Office Supplies dropped 69 cents to $5.61 with 200 stock units traded and Tropical Battery lost 5 cents to close at $1.15 with 87,376 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Volume up for JSE USD stocks
Trading on Wednesday, ended with the market declining after trading 26 percent more shares than on Tuesday, on the US dollar market of the Jamaica Stock Exchange, resulting in slightly more stocks falling than rising.
Trading ended with five securities changing hands, compared to six on Tuesday with prices of one stock rising, two declining and two remaining unchanged.
The JSE USD Equity Index lost 1.56 points to end at 211.96. The average PE Ratio ends at 13.1 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 116,945 shares traded, for US$19,257 compared to 92,599 units at US$3,604 on Tuesday.
Trading averaged 23,389 units at US$3,851, in contrast to 15,433 shares at US$601 on Tuesday. Trading for the month to date averaged 47,542 units at US$2,162 in contrast to 58,521 units at US$1,394 on the prior trading day. April ended with an average of 80,293 units for US$6,320.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and none with lower offers.
At the close, First Rock Capital rose 0.09 US cents to end at 9 US cents, with 30,000 shares changing hands, Margaritaville closed at 9 US cents after trading 10 shares, Proven Investments declined 0.04 of a cent to close at 26.95 US cents in trading 31,922 shares. Sygnus Credit Investments dipped 0.49 of a cent after exchanging 54,482 stock units at 14.5 US cents and Transjamaican Highway settled at 0.94 US cents with the swapping of 531 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Volume picks up on TTSE on Wednesday
Market activity ended on Wednesday, with the market rising after investors traded 135 percent shares carrying a value that was 187 greater than on Tuesday, resulting in slightly more stocks falling than rising at the close of trading on the Trinidad and Tobago Stock Exchange.
Trading took place in 14 securities compared to 13 on Tuesday, with prices of three stocks rising, four declining and seven remaining unchanged. The Composite Index advanced 1.70 points to 1,332.91, the All T&T Index rose 4.77 points to end at 1,788.21, and The Cross-Listed Index lost 0.22 points to settle at 118.52.
At the close, 225,060 shares traded, for $4,538,675, up from 95,789 units at $1,583,782 on Tuesday.
An average of 16,076 units traded for the day at $324,191 compared to 7,368 at $121,829 on Tuesday. An average of 13,135 units traded at $206,107 for the month to date versus 11,664 units at $147,064. The average trade for April amounted to 11,472 units at $184,959.
The Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
At the close, Agostini’s remained at $24.40 after exchanging 18 shares, Angostura Holdings traded 2,939 shares and remained at $15.50, Ansa Mcal exchanged 5,236 stock units at $56.75, Clico Investment Fund remained at $25.15 in an exchange of 37,690 stocks. First Citizens Bank fell 5 cents to $46.45, with 265 units changing hands, 
FirstCaribbean International Bank settled at $6.50 after trading 19,625 stock units, Grace Kennedy gained 10 cents in ending at $5, with 6,550 shares crossing the exchange. Guardian Holdings increased 49 cents to $26 with the swapping of 47,133 stocks, Massy Holdings climbed $1.03 to $65 trading 12,727 shares, National Flour Mills stayed at $2.40 in exchanging 5,340 stocks. NCB Financial Group fell 7 cents to $8.20 after trading 57,493 stock units, Republic Financial Holdings fell 48 cents to $132.52 in switching ownership of 1,114 shares, Trinidad & Tobago NGL lost 2 cents to close at $13.47 after exchanging 21,273 stock units and Unilever Caribbean closed at $16.33 trading 7,657 shares,
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Guardian Holdings to relist on JSE Wednesday
Shares of the Trinidad based and NCB majority owned Guardian Holding shares set to be relisted on the Jamaica Stock Exchange (JSE) on Wednesday after an absence from the exchange since 2013.
The application for listing the shares was made to the JSE with the company publishing an abridged financial statement in accordance with the listing requirements of the Jamaica Stock Exchange dated 24th of March.
The company has in issue only 232,024,923 ordinary shares, with NCB Financial holding just under 62 percent thereof. Liquidity will be constrained, as such the directors would be well advised to split the stocks to bring the issued numbers to around 3 billion units and therefore ensure greater opportunity for sustained liquidity.
The move to relist is in keeping with an ICInsider.com report in 2015 when NCB and Proven Investments were jointly pursuing the acquisition of app 36 percent more of GHL shares. Proven eventually backed out and NCB made a bid to acquire an additional 30 percent.
Guardian Holdings reported increased profit for the year ended December 2020 with profit attributable to shareholders rising 12 percent to $774 million from $692 million in 2019, with earnings per share of $3.34 versus $2.98 in the prior year.
Net income from insurance underwriting activities increased to $1,413 million, a 47 percent rise over the $959 million reported in 2019 the company reported. Net income from Investing Activities declined 28 percent from $1,370 million to $989 million. The Group result in 2020 was not adversely affected by catastrophes as was the case in 2019, the directors informed the shareholders. Gross Written Premiums increased from $6,367 million to $6,557 million or 3 percent.
Total Assets rose to TT$33 billion and shareholders equity stood at TT$4.7 billion.
The company reported that new accounting standards to be implemented in 2023 will result in significant changes to the financial statements of all insurers and will change how insurers are managed. It will necessitate e collection of significantly more information for the construction of financial statements. While the company states that they are well on the way to be compliant, it did not state what the likely impact will be on earnings.
Guardian Holdings last traded on the Trinidad and Tobago Stock Exchange at TT$25.51 or J$586 with a PE ratio around 6.5, 2021 earnings.
Junior Market loses morning momentum
The Junior Market Index hit 3,265.18 after just 18 minutes after the market opened on Tuesday, but the market failed to hang on to those early gains and eventually settled at 3,226.70, after dropping 38.48 points off the morning’s high and 12.70 points below Monday’s close.
Trading resulted in an exchange of 41.2 percent more shares than on Monday, with 29 percent greater value than on Monday.
Overall, 37 securities traded versus 39 on Monday, with prices of 10 stocks rising, 20 declining and seven remaining unchanged. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averages 12.2.
Investors exchanged 10,360,923 shares for $25,835,350 compared to 7,337,555 units at $20,043,954 on Monday. Derrimon Trading led the day’s volume with 44.4 percent after an exchange of 4.6 million shares, followed by Future Energy Source with 18.3 percent in trading 1.9 million units and Lumber Depot with 9 percent or 930,413 units.
Trading averaged 280,025 units at $698,253 in contrast to 188,142 at $513,948 on Monday. The month to date averaged 232,875 units at $603,675. Trading in April closed with an average of 329,241 units at $854,716.
Investor’s Choice bid-offer indicator reading shows one stock ended with the bid higher than the last selling price and two with lower offers.
At the close, Blue Power gained 9 cents to end at $4.44 with an exchange of 11,084 shares, Cargo Handlers fell $1.19 to $7.51 with 100 stocks crossing the market, Caribbean Cream slipped 5 cents to finish at $6.10 with 8,601 units changing hands. Caribbean Flavours rose 7 cents to end at $2.30 with 22,374 shares traded, Caribbean Producers lost 5 cents to close at $3.90 with a transfer of 18,448 stocks. Dolphin Cove dropped 40 cents to $7.50 with an exchange of 17,771 units, Everything Fresh declined by 12 cents to end at $1.03, with 6,948 shares crossing the exchange. Fosrich jumped $1.08 to close at a 52 weeks’ closing high of $8.08 with 259,572 stocks changing hands. Honey Bun lost 30 cents to close at $5.75 with 22,700 units traded, Iron Rock Insurance climbed 35 cents to $3.70 in transferring 14,925 shares. ISP Finance shed $4 to settle at $20 in trading just one share, Jetcon Corporation gained 10 cents to finish at 95 cents with an exchange of 333,996 stocks. KLE Group slid 5 cents to $1.02 with 319,074 shares changing hands, Lasco Distributors declined by 5 cents to finish at $3.85 with 159,829 units changing hands. Lasco Financial dropped 20 cents to $2.99 with 38,500 stocks traded after hitting a 52 weeks’ intraday high of $3.37.
Lasco Manufacturing advanced 14 cents to $5.15 with a transfer of 31,906 stock units, Limners and Bards fell 8 cents to $2.72, with 6,050 shares passing through the market. Lumber Depot declined 18 cents to $2.72 with 930,413 units traded, Main Event jumped 54 cents to $4.04 with a transfer of 12,000 stock units and Medical Disposables fell 7 cents to $5.48 with 6,740 units crossing the exchange.
In the preference segment, CAC 2000 9.5% lost 8 cents to close at $1 with 260,578 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Major rebound for Main Market
Trading activities returned to more normal levels on Tuesday, with the market rebounding from a massive 12,000 plus points drop of the All Jamaican Composite Index on Monday. The market closed on Tuesday, with more stocks rising than declining, but with a 65 percent drop in volume after 87 percent less funds chased stocks than on Monday on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index climbed 9,180.51 points to 444,936.95 after the index rose to a high in the morning session to 449,375.45. The Main Index advanced 8,254.00 points to 405,057.23 and the JSE Financial Index rose 1.11 points to settle at 99.34.
Trading ended with 48 securities compared to 52 on Monday and closed with prices of 20 stocks rising, 18 declining and 10 remaining unchanged as two stocks closed at 52 weeks’ high and one at a 52 weeks’ low. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.4.
The market closed with 13,252,508 shares trading for $91,030,300 compared to 37,973,727 units at $706,200,616 on Monday. Wigton Windfarm led trading with 26 percent of total volume for an exchange of 3.44 million shares, followed by Transjamaican Highway with 19.74 percent for 2.62 million units and Radio Jamaica 10.8 percent, with 1.43 million units.
Trading averaged 276,094 units at $1,896,465, compared to 730,264 shares at $13,580,781 on Monday. Month to date trading averages 512,262 units at $7,972,309. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has 11 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints shed 80 cents to close at $12.70, trading 16,246 shares. Caribbean Cement advanced $3 to end at $90 with 66,131 stock units changing hands, Eppley gained 24 cents in ending at $34.74 with the transfer of 8,667 units, Eppley Caribbean Property Fund closed 74 cents lower at $40 after crossing the market with 14,250 stock units. First Rock Capital declined $1.09 to $17.50 trading 9,372 units, Jamaica Producers advanced $3 to a 52 weeks’ high of $30 after exchanging 63,913 shares, Jamaica Stock Exchange gained 26 cents in closing at $17.31 with the swapping of 1,615 stock units. JMMB Group shed 90 cents to settle at $31.90 in switching ownership of 86,169 shares, Margaritaville declined $2.99 to a 52 weeks’ low of $17.01 with the transfer of 3,101 units. Mayberry Investments lost 65 cents to end at $5.25 in an exchange of 96,817 stocks, Mayberry Jamaican Equities fell $1.79 to close at $7.20 after crossing the market with 52,300 shares, NCB Financial rose $1 to $139 with an exchange of 26,195 units. 
Palace Amusement climbed $49.50 to $900 with 252 stocks changing hands, PanJam Investment fell $3 in closing at $61 in trading 133,113 shares, Sagicor Group rose $1.01 to end at $48.51 after exchanging 47,529 stocks, Salada Foods continues its relentless rise, with a gain of 35 cents in ending at 52 weeks’ high of $9.50 in an exchange of 270,188 shares. Scotia Group advanced $2.30 to $41.80 with the transfer of 224,092 stocks, Seprod gained 55 cents to close at $80 in switching ownership of 24,938 shares, Stanley Motta ended 50 cents higher at $6 trading 4,665 stocks. Supreme Ventures picked up 48 cents to finish at $17.95 in swapping 721,683 shares and Wisynco Group lost 40 cents to end at $15.35 with 272,429 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks mostly rose on JSE USD market
Trading on Tuesday ended with the market rising, with 83 percent fewer shares changing hands than on Monday, on the US dollar market of the Jamaica Stock Exchange, resulting in more stocks rising than falling.
Trading ended with six securities changing hands, compared to five on Monday with prices of three stocks rising, one declining and two remaining unchanged.
The JSE USD Equity Index gained 2.16 points to end at 213.51. The average PE Ratio ends at 13 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 92,599 shares traded at US$3,604, down from 551,129 units at US$11,730 on Monday.
Trading averaged 15,433 units at US$601, in contrast to 110,226 shares at US$2,346 on Monday. Trading averaged 58,521 units for the month to date. April ended with an average of 80,293 units for US$6,320.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and one with a lower offer.
At the close, First Rock Capital rose 0.16 US cents to 8.91 US cents trading 5,383 shares, Margaritaville traded 553 shares at 9 US cents, Proven Investments rose 1.48 cents to 26.99 US cents after 5,519 units were tradedt. Sterling Investments ended at 2 US cents after exchanging 70,000 units, Sygnus Credit Investments lost 0.01 of a cent to end at 14.99 US cents, with 519 units changing hands and Transjamaican Highway increased 0.04 of a cent in ending at 0.94 of a US cents in exchanging 10,625 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
